Tag Archives: banking

Ombudsman: small businesses ‘disappointed’ with banking report

Ombudsman Kate Carnell says many small businesses will be disappointed by Royal Commissioner Kenneth Hayne’s interim report into banking misconduct. Ms Carnell says the banks’ behaviour affected many small businesses. But so far, she says, they have not received “adequate consideration” from the Royal Commission. She said, “The interim report …

Read More »

New Aussie bank calls out big banks on lending rules

Australia’s major retail banks should be more flexible in lending to small and medium businesses, according to the Executive Director of a new Australian bank, Tyro Payments. “In the 21st century, it’s a ridiculous restriction that Australia’s big banks are insisting that any small business loan must typically be collateralised …

Read More »